Business Opportunities in Nanotechnology

In 2008 more than $18 billion was invested in nanotechnology R&D by private and public sector companies worldwide with substantial portions in the areas of health and medicine. Upon ageing of population and increasing costs of healthcare, the focus is shifting from managing health to preventative measures. Hence better diagnostic Nano devices and targeted therapeutics with smart drug delivery devices will be in higher demand. Advancements in Nanotechnology will not only improve efficacy and reduce side effects of existing drugs but also will enable a faster discovery process to eliminate non-efficacious drugs with less investment and in a little time. Similarly, these advancements in nanotechnologies will shorten the drug development process and get more drugs to market quicker.